3488 North Arm Rd, Ely, MN 55731
Property image
Property image
OFF MARKET

$707,100

Trulia Estimate
  • 3 Beds
  • 0.5 Baths
  • 986 sqft (on 9 acres)

3488 North Arm Rd, Ely, MN 55731

Refinance Your Home
Currently Off Market - Sold Oct 18, 2024 for $705,000

Home Value

Trulia Estimate
$707K
Since last month
Increased$1K (+0.1%)
Since last year
Decreased$49K (-6.5%)
Since last sale
Increased$2K (+0.2%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +21% in the last 10 years
MonthEstimated value
2026
August 2026$707K
July 2026$706K
June 2026$743K
May 2026$743K
April 2026$767K
March 2026$775K
February 2026$761K
January 2026$766K
2025
2024

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3422 North Arm Rd, Ely, MN
0.23
Single-Family Home
$1,075,000
02/13/26
3
2
2,862
2796 Clayton Rd, Ely, MN
3.77
Single-Family Home
$665,000
01/30/26
3
2
1,296
2151 Echo Tr, Ely, MN
3.54
Single-Family Home
$135,000
12/05/25
1
-
480
3784 Fenske Lake Rd Unit 5, Ely, MN
3.94
Single-Family Home
$310,000
06/12/26
2
2
967
1995 Pine Tree Tr, Ely, MN
5.10
Single-Family Home
$489,400
10/03/25
2
1
911
4194 First Lake Rd, Ely, MN
4.49
Single-Family Home
$129,000
11/13/25
1
-
280
1918 Pine Tree Tr, Ely, MN
5.18
Single-Family Home
$1,078,500
01/13/26
4
3
4,300

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
3484 North Arm Rd, Ely, MN 55731
0.09
$908,700
2
-
640
Off Market
3530 North Arm Rd, Ely, MN 55731
0.22
$887,900
2
1
525
For Sale
3422 North Arm Rd, Ely, MN 55731
0.23
$1,075,000
3
2
2,862
Recently Sold
3536 North Arm Rd, Ely, MN 55731
0.38
$771,500
Studio
1
731
Off Market
TBD Lindskog Rd, Ely, MN 55731
0.43
-
-
-
-
Off Market
3506 Hanson Lake Rd, Ely, MN 55731
1.25
$550,000
-
-
-
For Sale
3666 Mackie Rd, Ely, MN 55731
1.44
$759,000
2
1
889
For Sale

Local Information

  • Map ViewExplore the area around 3488 North Arm Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2008
Lot Size
9 acres
Living Area
986 sqft
Price/Sqft
$717
HOA
$83/Monthly

About this House

Award-winning architect, David Salmela's creative and functional design of this 3 bedroom, 1/2 bath cabin showcases the natural beauty of this spectacular North Arm location on highly sought after Burntside Lake. Cabin is located at the water's edge with a classic up north ledgerock point to enjoy your coffee while watching loons and eagles! Vaulted ceilings and wall-to-wall windows provide wonderful light and air throughout the cabin with lake views from every room! Experience an unmatched natural view with hundreds of acres of public land making up the shoreline across the bay. The finest materials and craftsmanship are evident in this minimal maintenance getaway including Black Statelite siding, a metal roof, and exclusive H windows. This is a place you need to see in person to feel how special it is! The cabin is part of the Kewanena Association. Benefit from shared property of nearly 9 acres and 1,140' of beautiful shoreline. Common use elements also include a beach, sauna, walking trails throughout the property, and a private road/driveway. Additional contiguous land (0.76 acres , 190' of shoreline) is available to purchase for added lakefront and privacy!
3488 North Arm Rd, Ely, MN 55731 is a 3 bedroom, 1 bathroom, 986 sqft single-family home built in 2008. It last sold for $705,000 on Oct 18, 2024 (18% above the $600,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $707,100, with a rent estimate of $1,777/month.
Last check for updates: about 18 hours ago
Listed by Connie Coughlin, (218) 235-8289
Bear Island Realty LLC
Bought with: Connie Coughlin, (218) 235-8289, Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6115589

Home Details for 3488 North Arm Rd

Interior Features

Interior Details
Basement: Posts,N/ANumber of Rooms: 7Types of Rooms: Master Bedroom, Bedroom, Bathroom, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 986 Square FeetFoundation Area: 576
Appliances & Utilities
Utilities: SatelliteAppliances: Water Filtration System, Microwave, Range, RefrigeratorMicrowaveRefrigerator
Heating & Cooling
Heating: Fireplace(s),In Floor Heat,Propane,ElectricNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Fireplace S
Fireplace & Spa
Number of Fireplaces: 1Fireplace: GasHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Windows, Doors, Floors & Walls
Window: Vinyl WindowsFlooring: Hardwood Floors
Levels, Entrance, & Accessibility
Number of Stories: 1Floors: Hardwood Floors
View
Has a ViewView: Inland Lake

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: DeckVegetation: Heavily WoodedOther Structures: Sauna, Storage ShedExterior: Dock
Parking & Garage
No CarportNo GarageNo Attached GarageParking: Common,Gravel,None
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Shared), Shoreline Characteristics(Rocky, Sand, Shore-Accessible, Shore-Beach)Road Frontage: County RoadResponsible for Road Maintenance: Association Maintained Road, Public Maintained Road, See RemarksRoad Surface Type: UnimprovedOn Waterfront
Water & Sewer
Sewer: Holding TankWater Body: Burntside
Farm & Range
Frontage Length: 1140
Finished Area
Finished Area (above surface): 986 Square Feet

Days on Market

Cumulative Days on Market: 12

Property Information

Year Built
Year Built: 2008
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Contemporary
Building
Construction Materials: Other, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 465011500001, 465011500050

Price & Status

Price
List Price: $600,000
Status Change & Dates
Off Market Date: Wed Aug 28 2024Possession Timing: Immediate

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Ely
School Information
High School District: Ely #696

HOA

HOA Fee Includes: Shared AmenitiesHas an HOAHOA Fee: $1,000/Annually

Lot Information

Lot Area: 9 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6115589Water ViewWater View: LakeAttribution Contact: ***Above Grade Unfinished Area: 986

Additional Information

HOA Amenities: Sauna

Price and Tax history

DateEventPrice
Oct 18, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115589
Sold
$705,000
Sep 3, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115589
Pending
$600,000
Aug 29, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115589
Contingent
$600,000
Aug 16, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115589
Listed For Sale
$600,000

Market trends in Ely

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
98
2MoM

Around this home

What Locals Say about Ely

At least 8 Trulia users voted on each feature.

  • 93 % Say there's wildlife

  • 90 % Say kids play outside

  • 89 % Say car is needed

  • 88 % Say parking is easy

  • 86 % Say it's quiet

  • 83 % Say yards are well-kept

  • 83 % Say it's dog friendly

  • 80 % Say there's holiday spirit

  • 78 % Say people would walk alone at night

  • 77 % Say it's walkable to restaurants

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 69 % Say it's walkable to grocery stores

  • 45 % Say there are community events

  • 36 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.
  • Mavericksells
    "Ely is surrounded by forests and it’s a lovely, peaceful place to reside. There are wonderful restaurants, shops, a great movie theater and a variety of outdoor activities to choose from year round. "
    0
    Flag
  • Derek H.
    "Ely is located at the end of the road. No roads go to much further north due to the boundary waters canoe area which strictly prohibits dwellings or any man made structures. Ely can seem like a long way from anywhere at times and the community recognizes this and most willing are willing to help whoever and whenever the need may arise. We take care of our own and then some . "
    7
    Flag
  • Jennifer P.
    "Don't move here if you don't like being out in the woods. ppl on this town take care of each other. even if you're new. as long as you show you want to be part of Ely. "
    0
    Flag
  • Jennifer P.
    "as a new comer to ely try to get into activities around town, especially if you have younger children who are not school age. jobs are not always easy to find and though the cost of living is fairly low you do money can get tight quickly. ely is a nice town but it's hard on you too. more work for less. your kids are safe here but still know who you're talking to before hand."
    3
    Flag
  • Rvhall
    "There is no public transport in this neighborhood , but Arrowhead transport does run in town for a nominal fee and there are weekly trips to Virginia Mn."
    0
    Flag
  • Lora L.
    "We have cab service and in town bus service. It’s a 25 block walk from first place in town to last. Generally, the city park,police,fire,library dot,and shopping district are within 8 blocks from anywhere."
    0
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-08-29 06:48:08 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 3488 North Arm Rd

  • What is 3488 North Arm Rd estimated to be worth?
    Trulia's estimated value for 3488 North Arm Rd in Ely, MN is $707,100.
  • What is the price history for 3488 North Arm Rd?
    3488 North Arm Rd in Ely, MN last sold for $705,000 in October 2024.
  • Is Ely a buyer's or seller's market?
    Ely is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Ely?
    Residents describe Ely, MN as easy to park in, quiet, and well-kept. Most residents say you need a car. See recently sold homes in Ely, MN.
  • How big is the lot at 3488 North Arm Rd?
    The lot at 3488 North Arm Rd in Ely, MN is about 9 acres.
  • Does 3488 North Arm Rd have parking?
    Yes, 3488 North Arm Rd in Ely, MN has on-site parking.

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